2/10/2001 @ Old School Skate Jam 2001. Since her skating days with the Z-Boys, Peggy Oki went on to UC Santa Barbara to study environmental biology, eventually receiving her Bachelor of Arts in Painting at The College of Creative Studies (UCSB). (She got around campus, primarily by skateboard.).
DEFINITION of 'Incorporation'. The process of legally declaring a corporate entity as separate from its owners. Incorporation has many advantages for a business and its owners, including: 1) Protects the owner's assets against the company's liabilities. 2) Allows for easy transfer of ownership to another party. 3) Achieves a lower tax rate than on personal income.
An incorporated business, or a corporation, is a separate entity from the business owner and has natural rights.Conversely, a business owner and an unincorporated business are the same, and the owner personally bears all results of the business.Unincorporated businesses are usually sole proprietor or partnership companies.The main difference between an incorporated and unincorporated business is the way owners shoulder business activities.n incorporated business, or a corporation, is a separate entity from the business owner and has natural rights.